FINSAC Jamaica

In 1999, Jamaica confronted the compound weight of debt, dispossession, and civic fury. Gas riots killed nine, FINSAC’s aftermath stripped thousands of homes, and 62 per cent of the national budget vanished into debt service. Yet from the burning streets emerged Jamaicans for Justice, a diaspora lifeline of USD 600 million in remittances, and the first crack in a telecoms monopoly that had held the island hostage. Edition 2 of Marcus Garvey & The Making of Modern Jamaica.

In 1999, Jamaica confronted the compound weight of debt, dispossession, and civic fury. Gas riots killed nine, FINSAC’s aftermath stripped thousands of homes, and 62 per cent of the national budget vanished into debt service. Yet from the burning streets emerged Jamaicans for Justice, a diaspora lifeline of USD 600 million in remittances, and the first crack in a telecoms monopoly that had held the island hostage. Edition 2 of Marcus Garvey & The Making of Modern Jamaica.

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